No worries Troy.  Was that link worthwhile in some way?   I know it was not a direct help, as you are looking at buying a PPOR anew.

How did things go from your perspective?  Did you go ahead with drawing a loan against the IP?   It should have been a SEPARATE loan and not just an increase of any existing loan (to keep deductible and non-d…[Read more]

Hi John,

Not such good news from Chris there….  Now it seems to me you are left with “running the numbers”.

First off, do you have tenants in place?  If so, what is happening to them while repairs are carried out?  Are they OK to stay there while such massive repairs are undertaken?  If not, then what are their options?   Look too at the likel…[Read more]

Hi John,

That sounds bloody awful.  Thinking further from Steve’s and your words, I was wondering just where “strata” begins and ends.  e.g. Is your strata the box that encompasses your unit?  And does that go below floor level?  See to me (a layman) I would have thought that the BC should be responsible for the Structure of the building.  And…[Read more]

Hi Daeheon,

Congratulations for taking that first step on the path to property investing.  Did you have a goal re “How much to earn from our first property to enable us to grow?” or was it more like “Just get a foot onto the property ladder?”  Whichever it was, you have made that first step, so that is worth celebrating.

Do you care to share s…[Read more]

Hi Daeheon,

Congratulations for taking that first step on the path to proerty investing.  Did you have a goal re “How much to earn from our first property to enable us to grow?” or was it more like “Just get a foot onto the property ladder?”  Whichever it was, you have made that first step, so that is worth celebrating.

Do you care to share s…[Read more]

Hi Charlie,

Steve asked me to let you know he recommends Mark Unwin.  He is based in the North-East of Melbourne :-

https://www.mjua.com.au/

Benny

Wow !!   Where has THIS been hiding?

I was fortunate enough today to stumble over a dissertation from two stalwarts of common sense – Bjorn Lomborg and Jordan Peterson.  And, following on from Bjorn’s comment in my last post:-

“Instead of pouring Billions into subsidising infant technologies that are not cheap, we would be better advised to turn…

[Read more]

Wow !!   Where has THIS been hiding?

I was fortunate enough today to stumble over a dissertation from two stalwarts of common sense – Bjorn Lomborg and Jordan Peterson.  And, following on from Bjorn’s comment in my last post:-

“Instead of pouring Billions into subsidising infant technologies that are not cheap, we would be better advised to turn…

[Read more]

Well, well, well !!   Out of interest, I went searching for a history of house prices over time in Australia.   The article also compared wages vs cost of housing, taking into account inflation and prevailing interest rates.  The data went from 1970 to 2020.   The results were (to me at least) a little surprising.  One take-away from the article…[Read more]

Well, well, well !!   Out of interest, I went searching for a history of house prices over time in Australia.   The article also compared wages vs cost of housing, taking into account inflation and prevailing interest rates.  The data went from 1970 to 2020.   The results were (to me at least) a little surprising.  One take-away from the article…[Read more]

Hi Charlie,

Check out the “Training Centre” on the Home Page.  There are hundreds of articles about all aspects of property investing.  They are broken down into categories (e.g. Buying, Selling, Renovating, etc) so you might be interested in those to do with Buying.

Other than that, in a nutshell there are plenty of variables to c…[Read more]

Hi Charlie,

  So the question I am asking is, can the revenue of a business be recycled using trusts?

I thought Chapter 9 covered that bit quite well….  Or was your question a bit more broader than the book covered?  Maybe change the question if it needs to be more definite in its focus.

And also will the banks lend money based on the revenue of…

[Read more]

I heard on the radio this morning that Chris Bowen commented something like this – “With power prices having lifted 36% we must assist families who are doing it tough”.

Hmm – how about the families with a 120% lift in Mortgage Interest costs, Chris?  What does Labor have for them?   I haven’t heard of that “RBA Review” happening either – isn’t it…[Read more]

I heard on the radio this morning that Chris Bowen commented something like this – “With power prices having lifted 36% we must assist families who are doing it tough”.

Hmm – how about the families with a 120% lift in Mortgage Interest costs, Chris?  What does Labor have for them?   I haven’t heard of that “RBA Review” happening either – isn’t it…[Read more]

OK, here we are at year’s end, with no more RBA intervention until early Feb 2023.   In the last 3 months of 2022 they “went easy”on us, with just 0.25% each month.   The total uplift from April 2022 (when the Cash Rate was 0.1%) has been a further 3%.

Sounds innocuous, doesn’t it?  A bit like the Interest Rate you “might” be able to get on your…[Read more]

OK, here we are at year’s end, with no more RBA intervention until early Feb 2023.   In the last 3 months of 2022 they “went easy”on us, with just 0.25% each month.   The total uplift from April 2022 (when the Cash Rate was 0.1%) has been a further 3%.

Sounds innocuous, doesn’t it?  A bit like the Interest Rate you “might” be able to get on your…[Read more]

Hi Charlie,

That’s good to hear.  Oh, and check out my answer to you in the other thread you started.  I think you will appreciate what you find there.  ;)

Benny

Hi Charlie,

I hear you asking more and more about Trusts.  I can’t help you directly, but I can refer you to Steve’s earlier book – “From 0 – 130 properties in 3.5 years”.   Get the updated version from 2010, then seek out Chapter 9 and DEVOUR it.  I found it fascinating reading on the subject of Trusts and how Steve uses them, and I am sure it…[Read more]

Hi Charlie,

Can anyone confirm this or provide an alternative view as it is becoming increasingly frustrating when the advice from accountants and lawyers do not match up?

That should “an accountant and a lawyer” shouldn’t it?   Sounds to me like a second opinion from both professions might be a good move.

I am unsure of what the lawyer’s view of…

[Read more]